[ANN][ABC] ABC Blockchain Protocol | Launch 11 May, 2017 - 16:00 UTC

[ABCdevteam]

ABC  - Blockchain Protocol




ABC is a open/generic blockchain protocol launched to allow tokenized transfers.
ABC will be initially secured by Proof of Work/Proof of Stake and then change to only Proof of Stake security at a specific block height.
ABC tokens will be rewarded by the ABC protocol to users who direct recourses to secure the ABC blockchain.
ABC will be a user driven project not a developer driven project. The users will need to take initiative.


ABC has no crowdfunding
ABC has no pre-mine
ABC developers are not compensated


The developers launching ABC are not compensated in any way for their efforts developing/maintaining the ABC protocol.
The developers will maintain and update the protocol in effort to provide a useful system to users, this may include a fork to a contracting codebase in the future.
The goal of the developers is to maintain a stable blockchain that will enable the creation of applications upon it.
The developers will not participate in "marketing" or acquiring exchange listings, but will provide necessary information to users.  
The developers offer no warranty to users wishing to participate in the ABC protocol. The ABC protocol is offered as open-source freeware.



Launch: 11 May, 2017 - 16:00 UTC

 

PoW Specifications:

• Algo: X11
• Block time: 2 minutes
• Max height: 60480 (afterward the network will no longer accept PoW blocks)

PoW/PoS Block Rewards: 39,717,000ABC total at end of PoW

• Block 1 - 1000 = 1ABC (equal opportunity launch)
• Block 1001 - 5040 = 100ABC
• Block 5041 - 10080 = 200ABC
• Block 10081 - 15119 = 400ABC
• Block 15120 - 64800 = 800ABC
• Block 64800 PoW ends

Increasing PoW block rewards are designed to provide equal opportunity to any individual wishing to contribute their recourses to provide security and to improve distribution of ABC tokens.


PoS Block Rewards (PoS only blocks begining block 64801): 51,215,322ABC total when PoS reduces to 1% annualized

• Block 64801 - 69839 = 800ABC
• Block 69840 - 74879 = 400ABC
• Block 74880 - 79919 = 200ABC
• Block 79920 - 84959 = 100ABC
• Block 84960 - 89999 = 50ABC
• Block 90000 - 95039 = 25ABC
• Block 95040 - 100079 = 12.5ABC
• Block 100080 - 105119 = 6.25ABC
• Block 105120 - 110159 = 3.125ABC
• Block 110160 = 1% annualized

The PoS rewards schedule is designed to encourage PoW participants to stake their coins and secure the blockchain through Proof of Stake.


Specifications:

• Block time: 2 minutes
• Stake interest: 1% annually
• Min transaction fee: 0.01 ABC
• Min stake age: 250 blocks
• Default Port: 44233
• RPC Port: 44234

Wallet Downloads:

• Linux: https://github.com/ABCChain/abcchain/releases/download/v0.1.1/abcchain-linux-0.1.1.zip
• OSX: https://github.com/ABCChain/abcchain/releases/download/v0.1.1/abcchain-osx-0.1.1.dmg
• Windows: https://github.com/ABCChain/abcchain/releases/download/v0.1.1/abcchain-win64-0.1.1.zip
• Source code: https://github.com/ABCChain/abcchain

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[1713955893]

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[1713955893]

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[1713955893]

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[ABCdevteam]

Held for community announcements:

Dunno why you guys want to mine this so urgently, I see nothing special about this, but here's a pool:

https://abc.suprnova.cc

[lupanar]

Need a win wallet.

[elegant_joylin]

No ICO?

[radiera]

airdrop or bounty ?

[ABCdevteam]

No ICO?

This is covered in the announcement. There is no ICO or pre-mine.

[zerocom]

wallet?

[ABCdevteam]

airdrop or bounty ?

There are no "air drops" or "bounties". This is a user focused blockchain project. If you believe a feature needs to be added, then create a bounty for it and we will list in the community announcement post.

[ABCdevteam]

wallet?

Wallet downloads will be made available at launch.

[ever_3x]

no air ... no drop ? 

[ArdiPrabowo]

how much total suply ABC coin dev ?
any bounty, i want reseve indonesian translation if you need

[Coin_trader]

airdrop or bounty ?

i guess it's already clear in the OP if you take time to read that there is no premine so it is understood that there will be no bounty. the dev focus on maintaining a stable blackchain for the user.

[ABCdevteam]

how much total suply ABC coin dev ?
any bounty, i want reseve indonesian translation if you need

Op updated as follows:

PoW Specifications: 39,717,000ABC total at end of PoW
PoS Block Rewards: 51,215,322ABC total when PoS reduces to 1% annualized

[joosep]

Someone knows good x11 miner for AMD gpu?

[TimeTeller]

airdrop or bounty ?

i guess it's already clear in the OP if you take time to read that there is no premine so it is understood that there will be no bounty. the dev focus on maintaining a stable blackchain for the user.

A lot of times people don't even read what's in the OP. Yet, they are the first one to ask for bounty. 
I can say that the ABCdevteam is sincere in developing this blockchain protocol.
-no crowdfunding, no premine, & devs are not compensated-
So far, very few projects operate in that manner.

[CjMapope]

Hmm, ill prob mine this, don't care for the ASIC algo, but hey not my coin i wont bitch, there's no premine so that's a plus!
I like the PoS rewards, im still rolling the math around to see if i think it will cause a fork city, but at rough glance, it should be goooood
Waiting for a wallet, good luck on your project, it's just something to mine hey, no big plans? which is fine as long as your upfront imo

[lupanar]

Launch is close but win wallet/ any wallet still unavailable...

[ABCdevteam]

Update:

Due to some difficulties with dependencies / windows, we will be delaying the launch a bit.
Please check back in an hour for an update.

For now, Launch 11 May, 2017 - TBA UTC

[lupanar]

Update:

Due to some difficulties with dependencies / windows, we will be delaying the launch a bit.
Please check back in an hour for an update.

For now, Launch 11 May, 2017 - TBA UTC

Will wait of course

[zuzuca]

this is actually interesting..i'll think i will mine it .... if devs will make us a damn wallet ..good luck!